The IBEX initially gapped lower at the open on Friday, and then turned back around to try to fill that gap. It did, but then fell back down and formed a
The IBEX initially gapped lower at the open on Friday, and then turned back around to try to fill that gap. It did, but then fell back down and formed a shooting star. With that, the market looks like it’s ready to test the €10,000 level, an area that we think is massively supportive with that, we feel that the market will eventually break down if we get below there and probably become a bearish market overall. It is the bottom of a larger consolidation area, so if we broke down we feel that this market can really pick up momentum to the downside.
IBEX Forecast October 13, 2014, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
